Xcel Energy

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Xcel, steelmaker sign novel solar-tied power supply deal

The Pueblo Chieftain: Xcel Energy and EVRAZ Pueblo have agreed on a long-term electricity contract that guarantees the steelmaker price certainty for the next 22 years, the two companies announced Thursday. The agreement also clears the path for a potential major upgrade and expansion of the 1,000-worker mill. According to publicly available documents released in […]

August 17, 2018 Read More →

Xcel seeks to close two more coal plants, add renewables

Associated Press: Colorado’s largest electricity provider said Wednesday it wants to retire two coal-fired units a decade early and nearly double the share of power it gets from renewable sources. Xcel Energy said the changes would reduce its carbon pollution in the state by 60 percent and increase its share of renewable energy to almost […]

June 7, 2018 Read More →

Xcel, Hewing to ‘Steel for Fuel’ Strategy, Presses Ahead With Wind Farms in Texas and New Mexico

Utility Dive: The Texas Public Utilities Commission voted to approve two wind farm projects from Xcel Energy’s Southwestern Public Service — a 478 MW project in Hale County, Texas and a 522 MW wind project in Roosevelt County, New Mexico. New Mexico regulators had approved the proposal in March. The Commission also approved the power […]

May 31, 2018 Read More →

Xcel Closes Coal Plants, Cuts Carbon Emissions Sharply

The Denver Post: Xcel Energy has cut carbon emissions 35 percent since 2005 and expects to surpass 50 percent by 2022, largely by retiring aging coal plants and replacing them with renewable sources. The Minneapolis-based owner of Colorado’s largest utility appears ahead of schedule on its goal of reaching a 60 percent reduction in 2005 […]

May 24, 2018 Read More →

Xcel Gets Texas OK For 1.2 GW Of New Wind Power

Utility Dive: Texas regulators on Friday approved Xcel Energy’s $1.6 billion, 1.2 GW wind expansion plan, about a month after New Mexico first gave its OK. Xcel will build and own two wind farms, one in each state, along with signing a power purchase agreement (PPA) with NextEra Energy Resources for 230 MW at the […]

April 30, 2018 Read More →

Report: U.S. Tax Incentives Will Drive $20 Billion in Renewable Capex Spending Through 2018

S&P Global Market Intelligence ($): With incentives retained in the Tax Cuts and Jobs Act supporting the development of renewable energy, U.S. electric utilities and their competitive energy arms are moving ahead with certainty on planned solar investments to take advantage of the federal solar investment tax credit, or ITC, before it drops permanently to […]

March 28, 2018 Read More →

Xcel Gets State Nod to Build $1.6 Billion Wind Farm in Southwest U.S.

Associated Press: New Mexico regulators on Wednesday approved a $1.6 billion plan that calls for building two massive wind farms along the Texas-New Mexico border. The unanimous vote by the New Mexico Public Regulation Commission marks one of the key steps needed for Xcel Energy to move forward with its plans. Texas regulators are expected […]

March 22, 2018 Read More →

U.S. Utility Xcel Leads in U.S. Shift to Solar and Wind

New York Times: Xcel Energy is a utility company with millions of electric customers in the middle of the country, from Texas to Michigan. In booming Colorado, the company asked for proposals to construct big power plants using wind turbines and solar panels. The bids have come in so low that the company will be […]

February 6, 2018 Read More →

6 Major Plant Closures in 2017 Emblematic of U.S. Coal Industry’s Troubles

Forbes: We Energies is Wisconsin’s largest utility, with more than 2.2 million customers, and coal supplied 50.6% of its total generation capacity in 2015. This November, the utility decided to close its 1.2 GW Pleasant Prairie coal plant in early 2018, despite having only been in operation since 1985 and undergoing $325 million on pollution […]

December 20, 2017 Read More →

In Ongoing Shift From Coal (and Announcement of Two Closures in Colorado), Xcel Says It Has Found ‘the Right Formula’

The Denver Post: Xcel Energy on Tuesday continued its shift away from coal, announcing an agreement to retire two of its three coal-burning units at the Comanche Generating Station in Pueblo while adding substantially more wind, solar and natural gas generation. Xcel Energy will request competitive bids before the end of the year for 1,000 […]

August 30, 2017 Read More →